Η σχέση ανάμεσα στην οικονομική ισχύ και τη χρηματοπιστωτική σταθερότητα : θεωρητική και εμπειρική διερεύνηση στον τραπεζικό κλάδο
The relationship between the market power and financial stability : theoretical and empirical investigation in the banking sector
Δούβρης, Θεόδωρος Ι.
KeywordsCompetition - fragility ; Competition - stability ; Concentration - stability ; Concentration - fragility ; Z index ; Banking sector ; NPLs
This thesis appears to study the relationship between the financial stability and the market power of the Greek banking sector by using key variables such as the concentration of the five largest banks (CR-5), the size of banks, GDP per capita and the level of economic freedom that prevails in Greece. The first chapter is a historical overview of the Greek banking industry from 1830 onwards, describing the formulation of the four ""systemic" banks. Chapter two provides an extensive analysis of the structure of the banking industry before and after the on-going financial crisis that hit many European countries as well as Greece. The third chapter analyzes the merging activity appeared in Greece during the last two decades(1995-2015). The fourth chapter describes the relationship between the intensity of competition, market power and financial stability, while an extensive survey of the literature is also provided. Finally the fifth chapter provides the econometric methodology and reports the main empirical findings of our research.